Denso Group (China) Business Report FY ended Dec. 2017

Strategic Cooperation

-In November, 2017, GAC Group announced that it signed strategic cooperation memoradum with the Company. The partners will collaborate in climate control products, powertrain systems, electronics, motors, inverters, heat pump systems, heat management products such as battery cooling systems, driver assistance systems, and autonomous driving technologies. They will also strengthen cooperation in human resource nurture. (From the Company's press release on November 29, 2017)

New Plant

-Denso Corporation announced that it has established a 50-50 joint venture with Kingtec Technologies (Heyuan) Co., Ltd., a Chinese refrigerator systems manufacturer, in Heyuan, Guangdong Province, China. The new company, Guangdong KINGTEC DENSO Refrigeration Equipment Co., Ltd., will develop, manufacture, and sell refrigerator systems for trucks and other applications. Production is scheduled to start in May 2016. The new company is capitalized at CNY 30 million (approximately USD 4.8 million), of which 50% was provided by Denso’s regional headquarters in China, Denso (China) Investment Co., Ltd., and 50% was provided by Kingtec. It will have a workforce of approximately 140 employees at the start of operations. (From a press release on March 25, 2016)

R&D Facility

Facility Name

Overview

Denso Shanghai Technical Center

Provide support to develop diesel common rail systems and navigation systems.

Denso Software Shanghai Co., Ltd.

Research and develop automotive software, e.g. navigation software development

Denso Software Shanghai Co., Ltd. Xi'an Branch

Research and develop automotive software, e.g. navigation software development